Italy's Electricity Prices Remain Expensive -Industry Minister

Italian electricity prices remain expensive for households and small and medium-sized companies due to the country's limited mix of fuel sources, Industry Minister Corrado Passera said Tuesday.

Italian power prices are also higher as a result of bottlenecks in the transmission network, despite the large number of electricity lines authorized by the ministry and progress made, Passera said in a statement sent to an energy conference in Rome.

Italy must work on trying to reduce the price of raw materials and boost energy efficiency so as to increase competition domestically, the minister said.

More than half of Italy's electricity runs of natural gas, while it has no nuclear power and the percentage of coal used to generate power is around 12% of the fuel mix.

-By Antonio di Mambro, MF-DJ, and Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

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